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Stock impact report

AI data centers are forcing obsolete ‘peaker' power plants back into service [Yahoo! Finance Canada]

NRG Energy, Inc. (NRG) 
Last nrg energy, inc. earnings: 11/7 07:06 am Check Earnings Report
US:NYSE Investor Relations: investors.nrg.com
The rarely-used eight-unit Fisk power plant owned by Houston-based NRG Energy was scheduled to retire next year. But then came electricity demands from artificial intelligence. Prices shot up in the country's biggest power market – PJM Interconnection – as electricity requests from data centers exceeded existing supplies, sounding the alarm over power shortfalls, and making Fisk and other plants like it suddenly profitable. "We believe there's an economic case to keep them around, so we withdrew the retirement notice,” said ?Matt Pistner, senior vice president of generation at NRG, of Fisk's eight power-generating units. The Fisk power plant is among a growing number of so-called “peaker” electric generating units being pressed into duty across the U.S. as the nation's electrical grids struggle to keep up with growing demand from data centers powering Big Tech's investments in artificial intelligence. Peakers, which are meant to run only in ?short bursts during periods of spi Show less Read more
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